TSB has launched new products and reduced interest rates by up to 0.25% on mortgages for home movers and remortgage borrowers.
TSB has launched new products and reduced interest rates by up to 0.25% on mortgages for homemovers and remortgage borrowers.
Roland McCormack, mortgage distribution director, said: “Our new mortgages and rate reductions are an example of us helping more people to borrow well and they are a welcome step for those looking to fix their monthly payments for a longer period of time.”
A summary of the new products is as follows:
- New 3-year fixed rates for homemovers and remortgage borrowers, starting from 1.39% at 0-60% LTV.
- New 10-year fixed rates with 10-year ERC for homemovers and remortgage borrowers, starting from 2.34% at 0-60% LTV.
- New £0 fee products for all buy to let mortgages for homemovers and remortgage borrowers.
- New 2-year fixed rate, 3.99% at 90-95% LTV, for home movers.
The rate reductions affect the following products:
- 2-year fixed rates for homemovers across all LTVs – reduced by up to 0.20%.
- 5-year fixed rates for homemovers at 85-95% LTV – reduced by up to 0.20%.
- 10-year fixed rates for homemovers and remortgage borrowers at 0-85% LTV – reduced by up to 0.15%.
- 2-year fixed rates for remortgage borrowers at 60-90% LTV – reduced by up to 0.20%.
- 5-year fixed rates for remortgage borrowers across all LTVs – reduced by up to 0.25%.
